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(EBOOK / PDF) Hetty The Genius and Madness of America's First Female Tycoon

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Hetty The Genius and Madness of America's First Female TycoonA well researched and deftly written biography of one of the early 20th century s most intriguing Americans The first female tycoon and a horrid miser Evil men are interesting evil women are fascinating This is a very average book It contains a few interesting snippets but if one wants to read about interesting business eople there are many better optionsI found too much of the text was devoted to years before she started in business Undoubtedly this was because the author was able to gather material about these years not because they were very relevant in themselvesIt also turns me off when an author makes conjectures using the term undoubtedly which this author does than onceA die hard reader of business biographies may like this book and rate it average as I did A reader who is not that keen on the genre will "undoubtedly be ut off the the genre completely "be ut off the the genre completely this Enigma eccentric exceptional endearingThe rice of independence versus Because men have always in the ast controlled history it follows that there have always been biographies about men than women Some women did rate their own tome usually they were the wives of a famous man or even rarely led such an amazing life that their own life story deserved to be recorded for osterity Hetty Howland Robinson Green belongs in the latter category Born in 1834 Henrietta Howland Hetty grew up during a eriod in which the United States was undergoing unprecedented growth Names l Such as Vanderbilt Carneige Morgan Astor and Rockefeller formed the informal boys only club that would ride the heady wild wave of the Gilded Age But if the men of the time were amassing fortunes and owers Hetty Green could teach all of the others guys lessons about finance and she did The only daughter and only surviving child of Edward Mott Robinson originally of a noteworthy Philadelphia family had come to New Bedford MA as A Young Man To young man to to establish himself in what was the lucrative business of whaling Not only did he become employed by one of the most successful whaling companies of the time Isaac J Howland Jr and Co he married the daughter and heiress of the huge firm Abby Slocum Howland Eventually he would take over the reins of the company expanding its assets and wealth Showing a articularly adept acumen for business timing Robinson would drive the company forward until just before the demand for whale oil and #THE OTHER RELATED PRODUCTS BEGAN TO #other related roducts began to liuidating the company assets and searching for other avenues for investment Although Hetty s father did not hide his disappointment that his first child was a girl he would soon have his heir in a son that he could tutor in the ways of business Unfortunately Isaac Howland Robinson born in 1836 was never as strong as his sister Hetty and died in infancy With his heir gone Howland began to take interest in Hetty taking her with him as he attended to his duties at the whaling company His daughter would come to be not only her father s companion she would also from a young age read to her father regarding stock market activity business trends and olitical news Even though she was becoming an asset to her father Hetty was not a docile child and her caretakers discovered that a bribe not of candy or toys but in the form of a coin would City for Sale: Ed Koch and the Betrayal of New York produce cooperation from their young charge bringing her into compliance And once she got the reward she was loath toart with it She accumulated any money that came her way eventually opening her own savings account by the age of eight While most young girl s would dream of clot. A full century before Martha Stewart Oprah and Madonna became icons generations before women swept through Wall Street and decades before they even had the right to vote there was Hetty Green America's richest woman who stood alone among the roguish giants of the Gilded Age as the first lady of capitalism and is remembered as the Witch of Wall StreetAt the time of her death in 1916 Hetty Green's ersonal fortune was estimated at 100 million 16 billion today and the financial empire she built on real estate and railroads rivaled that of Andrew Carnegie Jay Gould J P Morgan John D Rockefeller and some of the nation's biggest banks Today Hetty Green ranks near the top of America's list of greatest financiers in com. Hing arties and romance Hetty s rime focus was on the accumulation of her wealth compounding of her wealth and rotecting of her wealth Although she would eventually marry and have two children her uaker roots would revent her from acuiring so much marry and have two children her uaker roots would revent her from acuiring so much the ostentatious show of materialism that was flaunted by many of the other families that rocketed into wealth during this time Hetty didn t build a mini alace in New York like Mrs Astor did She referred to live in modest apartments in the middle class areas of Brooklyn or Hoboken Instead of a fancy carriage or automobile she took ublic transportation or walked Instead of dining in restaurants she would bring dry oats in a bucket when she left for her borrowed office space each day At lunch she would add water to the oats and cook her orridge on the radiator She had however a brilliant business mind She had her father s sense of timing and when Other S Panicked She Remained s anicked she remained and used the downturn to buy additional but deeply discounted investments She lent money to churches corporations and even the City of New York Before the Federal Reserve she Just Destiny provided a supply of cash when the customers of banks and savings and loans were being besieged byanicked depositors During the financial crisis of 1907 she was the only female invited to collaborate with J P Morgan and other financial mega stars on a Paradise Run plan to right the careening ship of the economy which was being overwhelmed by investment losses and bad loans Hetty was certainly an eccentric sight as she made her way around the financial sector in New York wearing her outdated often dirty clothes unfashionable hat whose flowers and feathers had seen better times and carrying a large black valise which was rud to carry fabulous sums of cash and securities but which likely only contained the remnants of a lunch appropriate for a miserly laborer than a woman worth around 200 million ten times that much in today s dollars For Hetty Green moneyrovided a refuge for what would now be euphemistically referred to as eccentricities Even without her considerable fortune however she had a hilosophy that was beyond any amount of wealth for she had her life and dared I loved this book and have read it twice I thought I d totally dig this book I love reading about 1 American history 2 especially women in American history 3 especially women beating men at their own game in American history and 4 especially women beating men at their own game in American Victorian to Progressive era history And I remembered seeing a icture of Hetty in the Guinness World Records when I was in grade school She was deemed the world s worse miser or something because she ate cold oatmeal while having kajillions in the bankButit seems that s the most interesting thing about her This book Help Me, Jacques Cousteau put me to sleep better than a shot of sherry This was a uick and enjoyable read on a lady I had never heard of before this Most of us would have at least aassing familiarity with names like Jay Gould Andrew Carnegie Cornelius Vanderbilt J P Morgan etc but how many have actually heard of Hetty Green n e Hetty Howland Robinson Dubbed The Witch of Wall Street she inherited a small fortune from her aunt and multiplied it many many times over through shrewd investments and business dealings until she was widely considered the richest woman in America during its Gilded Age She also had the gumption to go head to head with the much feared Collis P Huntington leader of the Big Four who controlled most of the early American rail networks She built up Pany with Microsoft founder Bill Gates and billionaire investor Warren Buffett But in history books she has remained merely a footnote a miser and an eccentric whose character flaws and ersonal choices unjustly overshadowed her remarkable accomplishments on the fierce battlefield of American industry and commerceIn Hetty Charles Slack reexamines the life work and conflicted legacy of the exceptionally resourceful ruthless and inimitable woman who turned a comfortable inheritance into a fortune through instinct courage cunning greed and determination to succeed at a man's game on her own terms from her childhood in the uaker community of New Bedford Massachusetts where she learned about business by reading finan. ,

Wacky Wednesday

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Uch a formidable money lending business that newspapers used to feature headlines like Hetty Green Cuts Rates much like how the WSJ would report on the Fed s moves today Perhaps what she was most famous for at the time was her extreme miserliness despite her enormous wealth to the extent where she brought dresses to the cleaner s and asked for only the bottom Oracle R12 Applications DBA Field Guide parts to be washed to save money and neighbours would see her on top of her house fixing her own roof The writer tries to be balanced in hisortrayal of her though citing her support of as many as 30 churches at one time by Wie war das noch? Schulwissen, neu aufpoliert providing them cheap loans at way below market rates Yes they were loans not outright donations because with Hetty Green nothing came free but stillYou will not get a step by step manual on how to get rich with this book but therinciples she stood by are there and overall it was an interesting bit of history I want her money but not by being like her She rocks Hetty Green known to her legion of detractors as the Witch of
Street became the richest woman the world through a combination of financial genius and utter ruthlessness living like a Hidden Boundaries pauper and caring nothing for what the world thought of her Her two children found it much lessleasant Not a likable character by any means and yet there is something almost admirable in the way this flinty uintessentially New England Yankee competed with owerful men in a man admirable in the way this flinty uintessentially New England Yankee competed with owerful men in a man world and won This is a fascinating story now largely forgotten with numerous local angles and locations from New Bedford to Vermont Alan The 1996 book The Wealthy 100 ranked the net work of 100 wealthy Americans by the Gods Callgirl percentage of the Gross National Product theirersonal fortunes represented Hetty the only woman on the list came in 36th five Forever I'm Yours places behind Bill Gates and threelaces ahead of Warren BuffettThis is a fascinating well written book about an amazing woman On her own using financial acumen unheard for a woman in her day and age she died in 1916 at age 81 she managed to arlay a family inheritance into a fortune so large that she freuently bailed out the City of New York when they encountered cash crunches When JP Morgan called a meeting of New York s financial leaders after the stock market crash of 1907 Hetty was the only woman in the roomCommentators of the time assumed that such financial acumen had to come with a rice articles were written about how lonely and unhappy she must be And she did have uite a few odd and sometimes disturbing ecadillos she absolutely hated to spend money and would haggle over the smallest items exhaustively Her son Ned suffered the loss of his leg later in life after a boyhood sledding accident and it was rud that his leg could have been saved if Hetty had aid for the best medical attention instead of dragging him around to free clinics trying to save money Rain or snow she walked daily from the New Jersey ferry to Wall Street she lived in a small apartment in Hoboken dressed in old clothing wearing a heavy black veil to keep from being recognized It didn t work of course the disguise simply earned her the nickname The Witch of Wall StreetSeeing Renoir past therejudices of her time I m forgiving the use of the word madness in the book s subtitle assuming that it was for marketing Nebular Sammelband 5 - Galaxis in Panik purposes the bookaints a Nightwing: On the Razor's Edge portrait of Hetty as a frugal woman who eschewedretense and frivolity loved her children was very happy doing what she was good at I greatly enjoyed learning about this colorful and fascinating giant of American finance of whom I d known nothing Bakunin: The Creative Passion previousl. Cialapers to her father to the battle over her inheritance that was one of the most controversial legal cases of her time; from her collisions with railroad magnate Collis Huntington to her rescue of New York City from financial ruinLooking well beyond the lore and historical The Donegal Woman prejudices Charles Slackresents a full Martha's Chickens and the Pirates portrait of a true American original a female Citizen Kane who having turned away from the conventions of her time as a woman a wife a mother and a mogul led a life of a different sort with occasionally tragic results becoming both a hero and a victim of her era Above all it is a story of an uncompromising larger than life flawed woman who ruled a vast financial empire but was known simply as Hetty.